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“The American Rescue Plan (ARP Act) mandates that third-party payment platforms record any payments made through their services that total $600 or more,” Galstyan said.
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Along with a hook to go climate-neutral, peer-to-peer resale marketplace Depop is, more or less, cutting ties with conventional fashion. This and more was revealed in the company’s two-year ...
The popularity of Depop has negatively impacted traditional second-hand stores, which can struggle to compete due to high labor costs and quality demands. [33] There is an oversupply of clothes with the rise of fast fashion; this has taken a toll on the revenue aspect of the second-hand clothing industry.
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